IMF Staff papers, Volume 42 No. 3

Released on by International Monetary Fund. Research Dept.
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  • IMF Staff papers, Volume 42 No. 3 Book Detail

  • Author : International Monetary Fund. Research Dept.
  • Release Date : 1995-01-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 280
  • ISBN 13 : 145197339X
  • File Size : 42,42 MB
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IMF Staff papers, Volume 42 No. 3 by International Monetary Fund. Research Dept. PDF Summary

Book Description: This paper analyzes long-term exchange rate modeling. The paper reviews the literature that tests for a unit root in real exchange rates and the closely related work on testing for a unit root in the residual from a regression of the nominal exchange rate on relative prices. It argues that the balance of evidence is supportive of the existence of some form of long-term exchange rate relationship. The paper highlights that the form of this relationship, however, does not accord exactly with a traditional representation of the long-term exchange rate.

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IMF Staff papers, Volume 42 No. 3

IMF Staff papers, Volume 42 No. 3

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